Evening Star Newspaper, February 5, 1932, Page 13

F BUSINESS UPTURN NOTED BY BANKERS Observers in Six Federal Re- serve Districts Report Improvement. BY EDWARD C. STONE. but definite, upturn in gen- itions in January—as preceding quarter—is nt bankers in six districts, ac- questionnaire compared to the reported by investm of the 12 F Reserve cor mg eplies a o ted at the end of rch artment of 1 of Chicago. & C The r improvement came Philadelphia, Chicago. s report. the Boston ouls, Atianta and In the onditior slight reased ¢ vestment ban be partly due t 'n questior derable ma)o njoyed an increase January, which the most active nvestme There tight jeral Reserve less favorable m shown by in- me localities may al influence, since ire revealed that a Y of sec n bond distribution traditionally one nths in the credit only Some ¢ ey come fron in the accord- itely by receding months, rity of dealers was defir instances and per cel Help National Organi The Colus d efation, ington 1oan assoc lars in asset Joins Baltimore Exchange. C a member A Goodrich offices & has bough! yck Exchange al to membership Mr. Legg is also & New York Stock Ex- wned a Seat since f Mackubi ee Ball of the & Co 1508 eg on was statec member of havin Members Merrick Heads Investment Office. The Guar Investment Co Charlesto Va. has_opened an office in Woodward Building in this city. in charge of Lieut. Col. Henry S. Merr y recently completed a four-year n the Military Bu- reau of Departm For many years before a World W Merrick in the i ines active Towa Towa State the N f the leaders in tha Socie! record Co. was he West Virginia corporations of this writes an_installment a type of fnvestment be growing steadily ir ‘The company an office in Baltimore. Far Oversubscribed. unced today 00000 of 93- organizes laws charact d ann said arity lished erning Treasury Bills 99.450 about 2 ‘The lowest equivale 2.74 per total am 399.000 bills to be issued rate on a bank d 2.65 per cer e average unt basis is about Today's Trading on Exchange. oper one small ger than cent preferr strong price of Financial District Notes January cha re reports are now coming out S. Kresge reported a decresse of 9.9 per cent. compared with January, 1931, McCrory sales were off \ rth reported he month ess days as in George O, cashier « reported qQuota f; the emy Vass w Chest among ba Mr committee g the banl for such a mpa e banks th: e income ta bank patr tax office for elaborate tax to go to the Government assistance in making out f Admir tion of the will hold fternoon s await the H. Pope and { the Am s been a guest at keon at the recefvir a His home is in the bank Willard most. cordia Philadelphia UPTURN IN BUILDING OPERATIONS FORECAST By the Associated Press. CHICAGO, February 5—President A E. Dickinson of the Indiana Limestone Co. said today that a gradual upward lin. on the Nat s uld be registered during the next six hs. This statement he based on & ematic survey by the company. Signs indicate the bottom has been touched in the three-year building slump,” Dickinson said. “Basic factors point to & slow rise, with the movement gaining momentum as the year pro- gresses The long created a backlog to be a surprising an certain types. In greeting period of inactivity has of what should prove nt of building in latest reports from various sections, ortage of home building is indicated. With a_ definite business turn, observers believe this type of conseruction will get'under way, witk @ spreading out of families who have occupled dwellings jointly. building chart | has also estab- | | | Francisco | ity houses | vear | 287y 295, 203% 120 235 997 1815 29515 6y 277 | s o] ( it | of | was N*mfipdl’ being par- | ng and | 10415 277 R0l 61, 11 6l 26y 46k 0% 29 43 6l 308, 22% 241y 69% 9414 1208 207 13 23 3214 517 4 12 12 86% i 19% 381 106 35 4874 100 118% 3 —_—— 23 22 157% 102 195 23 2815 184 24 214 18 TR% 14% 107 124% 1858 21" 114 69 LY 110 4% 94 60N 110% INANCIAL. THE EVENING NEW YORK STOCK EXCHANGE bymnumnm:ectunasmol— Dividend Rate. Adams Express. ... Adams Millis (2).... Adv Rumley. e 4 Affiliated prod 1.60. . Afr Reduction(t414). Alaska Juneau (50c) Alleghany Corp. Alleg Cp pf $30 ww . Allfed Chemical (6). Allis-Chalmers(50c) Am Agri Chem(Dal), 4« Am Bank Note (2) Am Beet Sugar Am Br Shoe (1.60) Am Can Co (45) Am Car & Foundry.. Am Car & Fdy pt (1) 4« Am Chicle (13) Am Comel Alcoho! Am & For Power. . Am & For Pwr pf (7). Am & For Pwr 24 pf. Am Hide & Leath pf. Am Home Prod 4.20. Am Tee (2) Am International. Am Locomot pf (7). Am Mch & Fdy 1.40.. Am Mach & Metals. . Am Metals pt . 1008 Am News (3) Lo 208 AmPwr&Lt (31)... 10 Am Radiator (40¢) 28 Am Radiator pf (7).. 20s Am 3 Am S; 16 hipbuilding (5) 108 It & Rfz(60c) 23 Sm& Apf(6).x 1 Snuff (1213) Solv & Chemical, teel Foundry teel Fdry pf(7). gar (4) . 5 ugar pf (7).... Tel & Teleg (9).. Tobacco (+6) Tobacco B (16) .. Water Wks (3) « Am Woolen Co pf. Anaconda Copper Anaconda Wire & (* Armour of Del pf ( Armourof JI1 (A)... Armour of I (B)... Armour of TN pf.. Assnciated Apparel., Associated Dry Gds .. Atch To & San Fe() Atl Coast Line (4). Atlantie Refining (1) Atlas Powder pf (6). Atlas Stores (60c) Auburn Auto (f4) Aviatton Corp (Del) 10, 236 17 214 8414 2 4% Baldwin Locomotive 1§ Baldwin Loco pf Baltimore & Ohlo 26 RBalto & Ohio pf (4).. 18 Rang & Aroos (314) 4 Rarnsdall Corp 37 RBeatrice Cream (4) 90 Reatrice Crm pf(7) Relding-Hemingway Bendix Aviation (1). Best & Co (2) Bethlehem Steel Blaw Knox (50¢) Bohn Alumn (112) Borden Co (1) Rorg Warner (1) Briges Mfg (1) Rrigas&Stration(2). Bklyn-Man Tran (4) BKlyn-Man Tr pt (8) Bklyn Union Gas(5). Bucyrus-Erfe....... Budd Wheel. Bullard Co Rurroughs Add (40c)x Rutte & Superior Ryers (A M). Bvers (A M) 7 20 California Pack ‘alumet & Hecla amp W&C Fdy (1), anada Drv (1.20) an Pacific 1% n Mills (1.60) Admin (A) avanaush-Dobbs pf 1108 rre (11)., s de Pasco (1) 28 1-teed Prod. hes & Ohfo (2%4)... 210 ‘hesapeake Corp(3). 27 i Great Western. . 1 "hi Great Westpf... 8 hi Mil StP & Pac... 28 hi Mil StP & Pacpf. 6 "hi & Northwestern. 33 *hi & Northwestpf.. 1 hi Pneu Tool....... 4 *hi Rock I & Pacific. 14 hi Yellow Cab (2) 208 hilds Company S hrysler Corp (1). 34 ty Stores. ... 1 * Peabody (2). 1 r\z‘fl»at‘l) . 3 ca-Cola (A) (3)... 1 olgate-Pal-P (214). 2 hia Carbon (1) 11 bia G&EI(b1lg 23 ol Cred pf (1%). 208 ‘omel Inv Trust (2). 9 m Inv Trust pf( 208 mm Inv ev pe(e6). 2 ‘omcl Solvents (1).. 12 ‘omwlth & Sou(30c) x mwlith&Sou pt m) onsol Film. ... onsol Gas N Y (4). onsol Gas NY pf(5) “onsol Laundries(1) ‘onsol Textile ‘ontainar Corp (A).. ntl Baking (A) ontl Baking (B). ontl Can (2%)..... ont Diamond Fibre. ‘ont Insur (2.40) “ontl Motors ontl 01l (Di ontl Shares. 5 ‘orn Products (3).. “oty Ine 3 ‘rex Carpet “rown Cork (2.40). .. “rucible Steel pf (T) iban-Am Sugar pf. udahy Packing (4). Curtis Publishing(2) Curtls Publish pf(7). Curtiss Wright. « « « « « « « « « « « « « « « « « « « 3% Davieon Chemica 13% Deere & Co pf (1.40). 64 Delaware & Hud (9). 17% Delaware Lack & W . 8240 Detroit Edison (8) Diamond Match (1) Diamond Mtch pf 114 Dome Mines (1) Dominion Storest] iy Douglas Alrcraft (1) Dresser M{g B (2)... Drug Corp (4) Duplan Silk (1)... Dupont de Nem (8).. Dupont de N pf (8). Fastman Kodak HU tonAxle& Spr 50c. child. Schild n! B ec Auto Lite (4) ec Auto Lite pt(7 ectric Boat ec& Musical Instru Zlec Pwr & Lt (1), Inc Storage Bat (4) Ik Horn Coal indicott-Johnzon () uit Office BlAK 2% fe R R 5 eka Vac Cleaner. change Buf (26e). 108% 194 > o TR AR WBaR R R T oA S S = Fid Ph Fire In(2.60). 12 Firestone T& R (1). 463 Firestone T&R pf(§) 1 41 First NauStrs (2%) 12 % Fisk Rubber........ 16 u Fisk Rubber 18t pf u Fisk Rub 1st pt cv Tix Florsheim Shoe (A). 8 Foster-Wheeler. .. .. 15% Fourth Nat Inv 1.10. 24 Fox Film (A) o 60 K in Smnpf(7). 184 Freeport-Texas (2) T Gabricl Co (A)...... 214 Gen Am Investors. .. 45 Gen Am Inv pf (6).. 28 Gen Am Tank Car(4) Gen Asphalt (2). Gen Baking (2 Gen Bionze. . Gen Cigar (4)....... Gen Electric (1.60).. Gen Elsc spec (80c) . Gen Food Corp (3).. w Gen G&E A (b8 % stk) 29'4 Gen Mills (3) 1308 108 s *% S e PO P I T Add 00. 4% 244 % 28 33 7 6% 250 12% 10 4dn 144 54 35 20 27 161y 324 18 LY 109t 109 LY RTy 23 a3 21's 21y 154 50 % 24 34 134 48 Wieh. Low. Close Chise — % -1 + % - % -4 - % - % -2 + % + % -4 =% 1% hed b -5 —1% -1% e S5 FREES SEES LEl 1L+ (RN » £ SEEEEES £E Bigh, 48 1084 10% 23 844 s 4 574 16% 38y 9% 637 ™ 8 37 1914 547 217 10214 364 111 19 b2 36 1034 17 1014 43 10614 Tiy 39 244 10 39 60" 19's 281 B8y 16% 39% 54"y 6915 261 131% 133 11% 3614 N 24 2% 84 Ui Adr 64 1044 250 B85 80 924 107 260 5614 124 124 16% 14 844 308 13% 27 3915 20M 2614 s 4T % 6 9614 10215 120 584 1% 554 270 554 60 4 294 ~ Stock and Bales— Low. Dividend Rate. 21% Gen Motors (2 798 Gen Motors pf (5). Gen Outdgor Adv. Gen Publie Service. . Gen Ry Stgnal (5)... Gen Realty & Util. Gen Realty & Util pt. en Refractories. on Theater Equip. . illette Saf Razor. 21% 831y Gobel (Adolf) Gold Dust ( joodyear T &R (1) oodyear 15t pt (7) Gotham Silk Hostery 1% Graham-Palge. .. .. B4 Qranby Consol (50c, 1% Girand Silver Stores. 21 Grand Unlon pf (3) 118 Granite City Steel(2) 2415 Grant (WT) (1).... at Northern pt(2) th Ore(2).. tern Sug.. Tia TTahn Dept Stores. 14 Hahn Dpt St pf(6%). 1 Hartman Corp (B) \ves Body Corp 1and Furnace (1), mestake M 1880, )1 Fin pt 4.2 on O11 2 is Cent 11 (4).. ndlan Motor Cycle.. 4 Motor Cyele pt.. st Ravon (4). ersoll Rand (3).. piration Copper. . nterboro Rap Trans t Rus Machine(n6) ment (3).:.... tlon tion pf Int Harvester (2%). nt Harvester pf (7).x Int Hydro E1A (e2). Int Match pt-(4).... Int Merchant Marins Int Nickel of Can 20e Int Paper & Pwr (A) Int Paper & Pwr (B) Int Paper & Pwr (C). Int Paper & Pwr pf.. alt (3) Int Shoe (3). 5 Tia Int Tel & Teleg (60c) = Johns-Manville (1) 67y lansas City Southn 5 Kan City pf(4). Karstadt (Rudolph K’mann Dpt Strs(1 Kayser ())&Co (1).. Kelly-Spring Tire. .. Kelly-Spr T 8° Kelvinator Corp. Kennecott Copper Kresge (S S) (160). Kreuger & Toll 1.61. Kroger ( ry (1) 202 .ehigh V Lehigh V Lehman Corp (2.4 Libbey Owens Glass Liggett & Myers(t5) Ligg & Myers B (15) Lily T Cup (14) Liquid Carbonie (2 Loew's Inc (14) Loose-Wiles (13) Lorillard (P) (1 Torillard (P) pt 17% Lou Gas&ELA (13). 20% Louisville & Nash(4) ¢ Ludlum Steel 10 Ludlum Steel t 15'5 McCall Corp . MoKeesport T P (4) McKesson & Robbins McLellan Storex. ... Mack Tricks (1). acy (RH)& Co(n3). Madison S Manhat M lleyRR.. Marshall Mathieson Alkiil (2) May Dept Stores 1.80 Melville Shoe ( Mesta Machine ( Miami Copper 5 Mid Continent Petm.. Minneap Honey R(3) Minn Moline Pow M StP & Mo Kan & Mo Kan & Missour Misxo lluwfl(‘\’ Monsanto Chem 1% . Mont Ward Morreil (1) & Co (3). Mother Lode Motor Wheel (b Mullins Mfg. . Mullins Mfg Murray Corp Py = PE R R PR N R W e e A N O S R R B O 0O W ash Motors at Bella H t Biscuit Nat Cash Reg (A) Nat Dairy (2.60) Nat Lead Nat Lead pf Nat Lead pf F Nat Pwr & T Nat Steel Nat Suret Nat Tea ( Nev Con Cop (4 Newton Steel N Y Air Brake Y Central. N Y Chicago & Y Chi & StL Y & Harlem (5)... Y N H & Hartford., 52 YNH&Hpt(7) 5% N Y Ont & Western. . 214 N Y Shipbuilding. 8014 N Y Steam pf (6) 10 Noranda Mines ( 105% Norf & Westn (1 28 North Am Aviation. Nor Amer (b10 % stk) Northern Paeific (). 101 144 54 Ohlo Ol &l Oppenhm Coilins(1). 16'% Otis Elevator (2%). 314 Otis Steel. 20 Owens 11l 29% Pacific Gas & EL (2). 86 Pacific Lighting (3). 78 TPacific Mills 93% Pacific Tel&Telex(7) 109 TPacific T & T pf (6).. 3% Packard Motor Car.. 18 Pan-Am Pet B(1.60). 514 Par-Pub (b10%stk). 74 Park Utah . % Pathe Excha 1% Pathe Exchan 22 Penick & Ford (1)... 26%, Penney (J C) (2.40). 16 Penn 78 Peoples D) § 107 Peoples Gas Chi (8). 4 Pere Marquette . 5% Tere Marquette pt 815 Pere Marquette pr pt 214 Petrol Corp of Am... 5% Phelps Dodge Co 80 PhilaCo 6% pf (3). 2% Phila & Read C&1.. & Philip Morris&Co(1) Phillips Patroleum.. Pierce Ofl. .. Pierce Petroleum. Pirelli (A) (m3.13).. Poor & (B). Port Ric Am Tob(A) Postal Tel&Cable pt. Prairie Ofl & Gas.... Prairie Pipe Line. « Pressed Steel Car.. Pressed Steel Car pf. Proct & Gamb (2.40) Troducers & Refin. . . Public Sve NJ (3.40) Public Sve NJ pf (5). Public Sve NJ pf (6) Pullman Corp (3). Pure Oil. 10% Purity Bakeries (2 108 408 108 104 4 26 5' Radio Corp. 20 Radio Corp pf A 34 914 Radio Corp pf B. 144 54 10M (Continued on Pm‘ 13% 84 Rayb 105\ 21 STAR. WASHINGTON, Net . High. Low. Close. Chge. 8215 — % 4 34 — 1% 23 % -1 12% + % 12 -] w| .| much of the — 1y the D. C., FRIDAY, REACTION IN STOC MARKET RESUMES Rail Shares Prove Chief Point of Weakness in Draggy Trading. BY GEORGE T. HUGHES. Special Dispatch to The . NEW YORK, February 5.—Under a very moderate amount of selling, the stock market today experienced a rather sharp reaction. Railway shares weakened first, but they were soon followed in the downward movement by the industrials. Several reasons were assigned for the | reaction, none of them entirely con- vincing. Selling of the rails was sald to be connected with the announcement that the Pennsylvania Railroad would apply to the Reconstruction Finance Corporation for a loan in connection with its improvement program. That such a strong carrier as Pennsylvania should take this action was, at first thought, a shock to the Street: but the justification is, of course, the large amount of employment that would result Earnings Statements. second place traders made poor earnings statements railroads will make for January There is nothing new about. that phase of the outlook. It allowed nothing ro accrue from the benefits of the wage reduction. Another reason for the prevailing bearishness was the increase of $43,000.000 in circulation shown by the Federal Reserve weekly statement. H«Irdlv any talk was heard about the Far Eastern situation, although the In the = "|fact that the downward trend in com (RN (SR | modities had not been checked was commented on pessimistically During the morning's selling, Atch- ison and Union Pacific dropped 2 to 3 points. Missouri Pacific. preferred, in which a speculative long interest had been built up, came down about as much and such a low-priced stock as Delaware & Lackawanna dropped a couple of points. For 1931 Lackawanna earned 65 cents a share against $3.60 a share in 1930. Many industrials made new lows on the movement. American Telephone & Telegraph was in supply down, United States St 39 early day. | Business Machines _sold and Auburn Auto declines were brought offerings and the ness was due, not to the amount for sale, b to scarcity of bids. In so far as the pressure was the rest per for the de- 16 strengther he technical positior T ! seemed trader these on limited become dis- ng of long of stocks had Opening Prices [m\fr The market started off with minor fuctuations, most of which had a down- | ward tendenc ing was slow United States Steel at 401 was off | fractionally. Bethlehem Steel at 17'z was unchanged. Active Indi 1s, such as J. I Case, W ghouse and Sears- Roebuck, were slightly lower, while Bordens, Standard Brands and Wool- In the ratls there were s in Atchison and Canadian Pa Towly lower American Telephone was off a small fracti at 113 Detroit Edison lost a a point to 113 and Western Union was off sghtly at 36'.. General Motors was unchanged at 211y, but Auburn dropped 113 points to 123, Chrysler and Packard were both Ofl shares were quiet and unchanged 'BROKER LOAN TOTAL AT NEW LOW MARK | o Drop of $8.000.000 During Week Is Twentieth Consecutive Decline in Borrowings. | | special Dispatcn to The sta NEW YORK, February 5 th cutive tateme loans showed a decrease of ring the week ended Feb- 3 to $505.000.000, & 1 1918, when at $ 000, the lowest on record This _compares with the previous low of $513.000,000 last week and with $1,- 716,000,000 on Fe ere $432,- Loans for 000,000, compa $445.000,000 & of-town banks week ago. Loa totaled $66,000,000, ag: st $£61,000,000, and loans for account of others were 7.000, Demand loans ited $383.000,000 of the total, 388,000,000 & week ago, and were $122,000,000, against Recordi ng dec ruary Januar; const against time loa $125,000,000. The New trict rediscou at 3!z per cen CLEARING HOUSE FIGURES. Washington Clearing House tigures for today: $3,443,281.06. SILVER QUOTATIONS. NEW YORK, February 5 (#).—Noon— Silver futures steady: sales, 100,000 ounces. Quotations in cents—March, 30.15 bid; May, 30.50 bid: July, 30.95 bid: September, 31.15 bid; October, 31.30 bid. POTATO MARKET. CHICAGO, February 5 (®) (U. 8. De- partment of Agriculturc).—Potatoes— Receipts, 49 cars; on track, 159: total U. S. shipments, 520: market dull, trad- ing slow. Sacked, per hundredweight— Wisconsin round whites. No. 1, T5a80; w 85; unclassified, 70a72';; Nebraska Triumphs, best, 1.20a1.25; fair quality, 1.05; Idaho Russets. No. 1, 1.40al4 few higher; Commercials, 1.00al1.15, ac- cording to qualn\' York Federal Reserve dis- rate remains unchanged U. 8. TREASURY CERTIFICATES (Revorted by Chas. D. Buney & Gop 1t Ofter 100 2-32 100 1-32 100 98 26-32 Sept 3 Dec Feb. SHORT.TERM SECURITIES. (Reported by Chas. D. Barney & Co) B B, Offer. 8514 86 840, 88 1011 862 8iis 30-32 100 3-32 Allis-Chalmers Co. bs 1937 ... American Chain Co. 65 1933 American Tel, & Tel 5';s 1943 Amer. Wat, Wks & EL Bs 1034 Baltimore & Ohio 4':5 1933 Bethichem Steel Corr Bethiehem Steel, oCrp 2nadian Nor. Rwy Chi. Northwesiern R. R.5s 1933 Chicago Rock Isiand 45 1934 Cleve. Lor,"& Wheeling 55 1933 Colorado & 4125 1935 Golorad i Creait Co, 1zs Delaware & Hudson Co, 55 Denver & Rio Grande 413 Gen. Mot. Accep. Corp. G General Petroleum Corp. 55 General Public Service 5155 Grand Trunk of Canada 6s Houston E. & W. Texas 55 Humble Oil 5'2s 1932 Laclede Gas Light Co. 83'i934 Louisville & Nashville 8s 1937 New York Cent. & H. 4s 1934 New York, Chi, & 8t. L 6s 1933 Northwestern Telep. 4ies 1034 Penna. R. R. Go. 615 1036. . Portland General Elec_ 85 1935 .. Republic Iron & Steel 5x 1040 Sinclair Crude Oil Co. 5ias 1938 Southern ‘Pacific 38 1934 St L IMS. Ry. R.& G. 451933 Tnion Elec, Lt. & Pow. 5s 1033 Union Ol Co. of %-m 55 1935 Virginia’ Rwy. & Power Su 1934 abash Rws. CO. 86 1939.., FEBRUARY 5, 1932. MUTUAL LIFE REPORTS $234,925,900 INCOME! Special Dispateh to The Star. NEW YORK, Pebruary 5—Report- ing gains during 1931 in spite of gen- eral adverse business conditions, the Mutual Life Insurance Co. of New York shows, in its annual report, issued yes- terday, total income for the year of $234925,900. The total of disburse- ments was $183272,515, the income ex- ceeding the outgo by $51,653,385. ‘Assets of the company increased dur- ing the year $54.039,556, the assets on December 31, 1931, totaling $1,106,- 236.049. During 1931 the company placed $29,612,714 in first mortgage loans and invested $24,857,785 in bonds and stocks. DEFLATION CYCLE STILL IN PROGRESS Weekly Report of Federal Reserve Board Reveals Liguidation. BY CHAS. P. SHAEFFER, Associuted Press Business Wiiter. The weekly report of the Pederal Re- serve Board, outlining the condition of member banks, shows that accelerated deflation and Mquidation have been going on for some months. These figures reflect continuation of the movement which had carried de- posits off $2,315.000.000 from-the end of eptember to the middle of December, while loans and investments during the same period decreased $1.373.000,000. Reports reaching the board indicate | that deserving customers in large money | centers of the country have little or no trouble in securing credit, but a differ- ent story is told by many rural banks| serving towns and small cities. In these, 1t is said, there are many instances of entire communities severed from all banking _connections, and forced to conduct business either on the basis of cash or with banks at distant points In other communities it is said that the deposit lines have shrunk to such | proportions that bankers have very littl cash for the purpose of credit and are devoting their attention to collecting overdue loans rather than making new | igations. i The reports issued each week by the | Reserve Board indicate the present sit- | uation has arisen only since last Sep- tember. Total loans and investments declined but itly less than $700,- 000,000 from October 1929, to Septem- ber 30, 1931, while total deposits during | the same period advanced $21.000.000 An increase 3y r-| rt purposes, | rawals from banks { to meet the impe holiday tr quirements, are said to be ma) | tributing factors to the downward ten- dencies in these two items Washington Produce| | jButter—One-pound prints, 26; tub, 2 Eggs—Hennery, | ceipts, 16a17 Poultry, alive—Turkeys, old toms, 1 |18; young toms and hens, 20a2 | chickens, 3 pounds and over, 16a18; 2| |to 21, pounds. 18a20; broilers. 1'y to 2 pounds, 18; hens, large, 16al7; smal 12al4; Leghorn hens, 11; roosters, 10; keats, young, 45a50; old, 25a35. Poultry, dressed—Turkeys, old_toms, 18a21; young toms and hens, 23a25; chickens, 3 pounds and over, 19a2l;| 2 to 21, pounds, 21; broilers, 1'. to| 2 pounds. 23a25; hens, large, 20a21; small, 15al7; Leghorn hens, 14: roost- ers, 13; keats, young, 55a60; old, 50. Meats—Beef, prime, 12; medium, lamb, top, 14; medium, 13; veal, 15; medium, 14: pork loins, 11; hams, 13; smoked hams, 16al7 strip bacon, 16al7; lard, 80-pound tins, 61;; package, 7: compounds, 6':.| Live stock—Hogs, light and medium, 400a4.25; heavy, 3.75a4.00. pigs, 3.50a 400; roughs, 20083.25; calves, 4.00a 850: lambs. 4.00a6.50. Frul trawberrics, 25a30: apples. bushel fancy box stock, 2.50 2.75a3.50; California, 3.00a | apefruit, 2.00a2.25; pears. 3.50a | pineapples, 3.00; grapes, Emper- egs, 4.50; Almeiras, 5.00; lemons, 4.0024.50° crines, 150200, ba- nas, 2.00a2.50: alligator pears. fl 50a3.00; rhubarb, hothouse, 5 pounds, 1.25; honeydews. Chile, 2.5083.00; plums, Chile, 2.50a3.00. Vegetables — Potatoes, Maine, pound sacks, 140; New York, 1.15; sweets, 50a1.00; Idaho bakers. 2.40; Bermudas, new, bushel, 1.50; tomatoes, repacks, 2.50a3.00: squash, white, 2.308 3.50: vellow. 3.50; peppers, 2.50: kale, 50; spinach, 50: carrots, 3.50a4.00; beets, 200a2.35: caulifiower. 2.00a2.50; pees, 6.00a6.50 . 2508300, lettuce, Tceberg, 2.50; celery. 2.00a2.50; cucum- bers, 4.5085.00; Spring onions, per dozen bunches, 24: mushrooms, 65a1.00; sal- sify, dozen bunches, 50a60; artichokes, | 4.50a500; parsnips. 1.25a1.50: cabbage, new, 2.25a2.50; old, sacks, 1.00; string beans, 2.00a2.25; water cress, 1.00a1.25; eggplant, 3.50; limas, Cuba and Flor. ida, 5.00. 17a19; current re- 3L top, fresh 10215 baskets, oranges, | pints, %0a1.2! Florida, 3.50; 4 100- WESLEY HEIGHTS Corner Residence for Sale by OWNER Miller-built 7 rooms (4 bed rooms). 2 "baths. frst-floor Iavatory, maid's room and bath. gas heat, electric refrigeration, garage. Call Owner Cleveland 5420 PATENT ATTORNEYS A few individual offices are available in the MILLS BUILDING | | Situsted corner Pa. Ave. 1itn and | G Sts. within 5 minutes’ walk of | the new Commerce Building. through the beautiful parks south of the | White House. ARTHUR CARR 206 Mills Bldg. Na. 2865 6% Guaranty First Mortgage Securities A Good Investment Conservatively appraised in- vestments secured on income- producing properties right here in the NATION'S Capital. Let us send you s list of our current offerings Denominations as low as $100 Monthly Payments 1! Desired Send for Booklet. "The Success Plan” REALESTATE MORTGAGE & GUARANTY of CORPORATION 1610 K St N.W. National 1408 | FINANCIAL. WAR TALK HEARD INBROKER OFFICES Wise Traders Hope to Bene- fit by Rumors of Major Conflict. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Serles of Stock Now Open for Subscription 5% INTEREST PAID ON STOCK James E Connelly, James F. Shea, President Secretary BY T. L. SEARS. Written for the Associated Press. NEW YORK, PFebruary 5—There’s war talk in Manhattan again, In Wall| Street In these days when a 25-share order is & 25-share order, there isn't so much to do in the brokers' customers' rooms, 50 they talk Chinese war news and th possible effect of each development on | American commercial prosperity. Wild rumors fly about. Earl Turmer, old- | timer, who has seen many War scares in | the Street, says: “The wise traders talk these rumors | with their tongues in their cheeks. They | all know it is very unlikely that the present will benefit war baby stocks It's an opportunity to run_things up and take a few points profit, so they play around with their favorites and put out rumors.” Busy Bargaining. In lower East Side push-cart market Off Second avenue the Epsteins are husy bargaining. Theyre selling at cut rates” from their push carts along the curb—silk remnants, stockings, | broken watches. Moe Epstein is speak- | ing: “The war? I don't bother about| it. How can it help business? Maybe | silk will go up! Hey, these stockings| are cheap-50 cents—sheer—a present for the wife—and prices are going up— silk is high already.” INSURANCE COMPANIES —and OTHERS having Valuable Records —to preserve, are invited to utilize our Storage faclities, in a _centrallly-located FIRE- PROOF Ruilding. ..guarded day and might by watchmen, thus insuring maximum safety. use vahiable space in office when we furnish— Individual Rooms as low as $4 per month —equipped with racks to fa- cilitate examination of records, whenever desiredi? Merchants Transfer ot and Storage Co. JOHN L. NEWBOLD. JR.. President 920-922 E St.—Nat. 6900 Storage—Moving—Packine—Shivping On Broadway at Times Square } Daphne Amold is petite and frilly She's a tap dancer and her vaudesille | m\( o Hn e to talk nowadays, isn't very clear just wha going on why, but she hopes the Chinese wi make a dramatic gesture, a sacrifice. | I hope they win, they have such beau- | tiful costumes.” | The tailor shop around the corner. John Nelson fought in the World War, and he follows each day's news| from the Far East closely. He is frank 1y disturbed. “The United States con- sults France and England on | move,” he tells his customers. course, we should protect Americans i China, but there is danger in a alone. United action by the powers can prevent the trouble spread- | ing.” Hacker's View. The hack stand at Fifth avenue and Central Park The old boys who drive the hansom cabs in Central Park have time to| think and their stand near exclusive Hotel Plaza is New York's equivalent of the old-time country store. Th China is the current topic of cussion. Smiling “It should be a | g-r-reat powers should r r Shanghai. I understand the Chir navy is only junk. This country z France and England mig the loan of a few boats f gagement—theyll have to anyway if this disarmament thin through. That will end it quick. Then the envoys can argue about the booty.” U. S. TREASURY BALANCE. The United States Treasury balance as of close of busine: : $636.035.121.24. Cus- toms receipts for the month to date were $2.491.550.56. T penditures were $11.3 NEW YORK BANK STOCKS NEW YORK, February 5 (#).—Over- the-counter market: y 3 was Banks, Trust Companies. Brookivn ntal Bank & Trust xchange Organized 1879 IS BUILDING AND AN ASSOCIATION NGS SAVERS AND ME BUILDERS TO- GETHER TO THE GREAT ADVANTAGES OF BOTH. WE HAVE SERVED WASHINGTON FOR OVER 42 YEARS. . Open Daily 9 to § Saturdays Until Noon NATIONAL PERMANENT. BUILDING ASSOCIATIO 949 NINTH ST, NW. UNDER SUPERVISION OF LS. TREASU! 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